Thursday, April 25, 2024
HomeSavings & Money NewsSpending cuts despite manifesto-busting tax increases!

Spending cuts despite manifesto-busting tax increases!

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LONDON (CU)_United Kingdom’s Chancellor of the Exchequer Rishi Sunak is poised to usher in the highest level of tax burden sustained in peacetime in the budget and spending review this month. According to the Institute for Fiscal Studies (IFS), the minister will announce a manifesto-busting tax increase for an expansion in the state’s biggest expansion in government spending since 1985.

However, Whitehall departments are expected to still face…

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